MKM Partners Weighs in on D.R. Horton Inc.’s Q1 2017 Earnings (DHI)

D.R. Horton Inc. (NYSE:DHI) – Investment analysts at MKM Partners dropped their Q1 2017 earnings estimates for shares of D.R. Horton in a report released on Monday. MKM Partners analyst M. Mcgrath now anticipates that the firm will earn $0.47 per share for the quarter, down from their prior forecast of $0.49. MKM Partners has a “Hold” rating and a $32.00 price target on the stock. MKM Partners also issued estimates for D.R. Horton’s Q2 2017 earnings at $0.54 EPS.

A number of other analysts have also issued reports on DHI. Bank of America Corp. upgraded D.R. Horton from a “neutral” rating to a “buy” rating and increased their target price for the company from $35.05 to $36.00 in a report on Tuesday, September 13th. Royal Bank Of Canada reduced their target price on D.R. Horton from $38.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, November 9th. Wedbush restated an “outperform” rating and issued a $36.00 target price on shares of D.R. Horton in a report on Tuesday, November 8th. Argus restated a “buy” rating and issued a $39.00 target price on shares of D.R. Horton in a report on Tuesday, July 26th. Finally, FBN Securities upgraded D.R. Horton from an “underperform” rating to a “sector perform” rating and increased their target price for the company from $25.00 to $27.50 in a report on Monday, October 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.10.

D.R. Horton (NYSE:DHI) opened at 28.54 on Thursday. The firm’s 50 day moving average price is $29.14 and its 200-day moving average price is $30.86. D.R. Horton has a 52 week low of $22.97 and a 52 week high of $34.56. The firm has a market cap of $10.64 billion, a PE ratio of 12.09 and a beta of 1.17.

D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by $0.02. The company had revenue of $3.70 billion for the quarter, compared to analyst estimates of $2.62 billion. D.R. Horton had a return on equity of 13.93% and a net margin of 7.29%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS.

Several large investors have recently added to or reduced their stakes in DHI. Mckinley Capital Management LLC Delaware boosted its stake in D.R. Horton by 0.4% in the second quarter. Mckinley Capital Management LLC Delaware now owns 4,144 shares of the company’s stock valued at $130,000 after buying an additional 18 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in D.R. Horton by 0.6% in the third quarter. Cullen Frost Bankers Inc. now owns 9,819 shares of the company’s stock valued at $297,000 after buying an additional 56 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in D.R. Horton by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 21,090 shares of the company’s stock valued at $637,000 after buying an additional 60 shares during the last quarter. Alpha Windward LLC boosted its stake in D.R. Horton by 0.8% in the third quarter. Alpha Windward LLC now owns 14,672 shares of the company’s stock valued at $443,000 after buying an additional 120 shares during the last quarter. Finally, Evermay Wealth Management LLC boosted its stake in D.R. Horton by 1.8% in the third quarter. Evermay Wealth Management LLC now owns 8,303 shares of the company’s stock valued at $251,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.

In other news, Director Michael W. Hewatt sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total value of $159,350.00. Following the sale, the director now directly owns 5,000 shares of the company’s stock, valued at $159,350. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.17% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 28th will be given a $0.10 dividend. This is an increase from D.R. Horton’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Wednesday, November 23rd. D.R. Horton’s dividend payout ratio (DPR) is currently 13.62%.

D.R. Horton Company Profile

D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.